Fannie Mae news from FierceFinance

It's no secret that a lot of mortgage holders who can't make their payments are choosing to simply walk away from the property, basically defaulting and leaving the mess for the bank to clean up. For... Read more...

So you thought the worst of mortgage crisis was behind us? Well, not so fast. Mortgage insurers are apparently starting to balk, and paying claims on $6 billion in claims filed by banks holding... Read more...

While people assume that profits at the big banks will soar this year, the picture is quite the opposite for small banks, where the crisis is still unfolding. As of June 30, there were 416 banks that... Read more...

Bank of America (BAC) has been hampered by many things in efforts to modify mortgages. There were plenty of little problems, like adapting its computer systems and fax machines. There were some... Read more...

Was this vetted by regulators? Citigroup (C) has hired Richard Hohlt, a controversial defender of the saving and loan industry back in the 1980s crisis, as a political adviser. "He is an old... Read more...

Is this a scary sign: Citi, Fannie Mae, Freddie Mac and Bank of America have been the most actively traded Big Board stocks as of late. Overall volume has been weak, which has allowed these four... Read more...

Bank of America continues to re-make its board of directors. The latest: Former Morgan Stanley co-president Robert Scully, 59, has been added the board. He becomes the 14th member of a board that has... Read more...

This month, a member of Congress asked Bank of America to provide some information about Countrywide's VIP lending program, which ostensibly provided mortgages to influential people at very favorable... Read more...

Freddie Mac had a big first-quarter loss of $3.14 per share (vs. 66 cent loss per share a year ago). The bloodbath reflected $8.8 billion in credit losses from delinquencies and write-downs of its... Read more...

Not too long ago, government officials were fairly adamant that Fannie Mae and Freddie Mac would not remain in government hands for very long. But with every passing day, it looks more like the two... Read more...